Types of Commercial Real Estate Lease

Dubai is one of the fastest growing business centers in the world

. Supported by buoyant prices of the crude oil, a flourishing tourism and growing retail sector and the ever developing real estate industry, Dubai has evolved as a great place to set up an office and expand your business horizons.

However, the recent downfall of rentals in Dubai has splurged many to lease a commercial property in Dubai. The process of leasing commercial property in Dubai is slightly different from that of residential property. It is not like that a tenant and a landlord meet for commercial property transaction and sign the document, there is always a need of right commercial property lease document that can be beneficial for both.

Following are the few types of leases that you should know while renting a commercial property in Dubai:

Gross Lease It is often described as a general form of lease in which full services are included. Basically, here tenant pays a set amount of rent and the landlord is responsible for the payment of taxes, insurance and other costs associated with owning the property.

Modern Net Lease This type of lease is quite helpful for both tenant as well as landlord. Here the charges are being divided, like if a landlord pays maintenance charges than the tenant pays insurance premium or other operating charges.

Triple-Net Lease - This type of a lease have the tenant paying a certain percentage of all the expenses like rent, maintenance and insurance. This kind of lease is extensively used while renting commercial property in Dubai as it is beneficial for both tenant as well landlord. For landlord, he gets significant amount of share in all expenses and for tenant the fixed rent is lower.

Land Lease - The landlord rent out the land to the tenant and he constructs building on it. This kind of lease agreements are for longer period but once the lease period is over, land plus the improvement done on it including building reverts back to the land owner.

Move in Dubai ( http://www.moveindubai.com ) is a fresh, modern and dynamic rental company in Dubai and offers a wide range of portals for renting commercial property in Dubai. Move in Dubai caters for the need of both, by searching best rental property at affordable prices for tenants and also searches valuable tenants for landlords.

Types of Commercial Real Estate Lease

By: Alfrenzo Rodrigz

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